Four Permanent Complexes - South Brisbane - ID 9168

$3,659,000

Permanent management rights, Eagleby QLD

Permanent Management Rights For Sale
Easy to Manage - Well Run From Manager's Townhouse

- All complexes offer long agreements with over 20 years remaining on each
- 4 townhouse complexes with a total of 205 townhouses
- 129 townhouses in the letting pool + 1 external let
- Combined Body Corporate salary of over $244,000 + GST
- All complexes are within close proximity to each other
- Only one Manager's residence to purchase
- The residence offers 4 bedrooms and 2.5 bathrooms
- The Manager's office is attached and on title
- No set office hours
- REI Master software

Four management rights complexes in close proximity, spread over the South Brisbane suburbs of Eagleby, Marsden and Doonandella. There are two swimming pools and one gym with minimal facilities to maintain across all four complexes.

Net Profit: $535,000
Asking Price: $3,569,000
(Inclusive of Manager's Real Estate)

More Information

Financial Overview

Total Purchase Price: $3,659,000
Net Income: $ 535,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 680,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 5.6
_{Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.}

Letting Business

Letting Pool: 129
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 56
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 20
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 205
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 244,942
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 20 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: No set hours
_{Required Office Hours}

Complex Features: 4 permanent management rights complexes across southern Brisbane suburbs. 2 of the complexes have swimming pools, 1 complex has a gym.